D. B. Root & Company LLC Sells 115 Shares of Alibaba Group Holding Limited (NYSE:BABA)

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D. B. Root & Company LLC cut its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,907 shares of the specialty retailer’s stock after selling 115 shares during the quarter. D. B. Root & Company LLC’s holdings in Alibaba Group were worth $1,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BABA. Public Employees Retirement Association of Colorado lifted its position in shares of Alibaba Group by 5.4% during the first quarter. Public Employees Retirement Association of Colorado now owns 350,900 shares of the specialty retailer’s stock worth $68,243,000 after purchasing an additional 18,000 shares in the last quarter. Pinnacle Bank lifted its holdings in Alibaba Group by 144.8% during the 3rd quarter. Pinnacle Bank now owns 164 shares of the specialty retailer’s stock worth $48,000 after buying an additional 97 shares in the last quarter. Crewe Advisors LLC bought a new position in Alibaba Group in the 2nd quarter valued at $212,000. WFA of San Diego LLC acquired a new stake in shares of Alibaba Group in the 2nd quarter valued at $261,000. Finally, Captrust Financial Advisors raised its position in shares of Alibaba Group by 10.8% during the second quarter. Captrust Financial Advisors now owns 34,966 shares of the specialty retailer’s stock worth $7,551,000 after acquiring an additional 3,414 shares during the last quarter. Hedge funds and other institutional investors own 46.02% of the company’s stock.

Shares of Alibaba Group stock traded up $3.64 on Friday, hitting $309.92. The company had a trading volume of 6,231,438 shares, compared to its average volume of 13,198,139. The stock has a 50-day moving average of $286.14 and a 200-day moving average of $243.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.98 and a quick ratio of 1.98. Alibaba Group Holding Limited has a twelve month low of $169.95 and a twelve month high of $314.00. The firm has a market capitalization of $838.53 billion, a P/E ratio of 33.40, a P/E/G ratio of 2.16 and a beta of 1.50.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 20th. The specialty retailer reported $14.82 EPS for the quarter, beating the consensus estimate of $1.54 by $13.28. The business had revenue of $153.75 billion for the quarter, compared to analysts’ expectations of $147.30 billion. Alibaba Group had a net margin of 31.96% and a return on equity of 14.13%. The firm’s revenue was up 33.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $12.55 EPS. Equities analysts predict that Alibaba Group Holding Limited will post 7.58 EPS for the current year.

Several equities analysts recently issued reports on the company. Raymond James raised their price target on Alibaba Group from $290.00 to $320.00 and gave the company a “strong-buy” rating in a report on Friday, August 21st. Goldman Sachs Group boosted their price target on shares of Alibaba Group from $315.00 to $350.00 in a research note on Tuesday, October 6th. Truist increased their price objective on shares of Alibaba Group from $285.00 to $308.00 in a report on Wednesday, September 30th. 140166 lifted their target price on shares of Alibaba Group from $275.00 to $350.00 in a report on Monday, August 24th. Finally, Citigroup reissued a “buy” rating and issued a $316.00 price target on shares of Alibaba Group in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $296.38.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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